Amex Exploration Inc.

Published : November 13th, 2017

Amex Starts Drilling Program on 14 New Targets at Perron Gold Property

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Keywords :   Agreement | Data | Exploration | Gold | Interest | Junior | Metals | Mine | Mining | Report |

Amex Starts Drilling Program on 14 New Targets at Perron Gold Property

MONTREAL, QUEBEC--(Marketwired - Nov 13, 2017) - Amex Exploration Inc. (TSX VENTURE:AMX) ("Amex" or the "Corporation") is pleased to report that it has receive the necessary permit to start a 4,360 meter drill program on Amex's 100% owned Perron gold property, located near the town of Normetal in the Northern Quebec Abitibi area. The drill targets were generated using a 3D model, the results of which were announced on October 24, 2017.

This drilling program, consists of 14 new drill targets totalling 4,360 meters located in part near Amex discovery hole PE-2013-03, where values of 3.84 g/t Au + 23 g/t Ag + 1.4% Zn + 0.10% Cu over 15.2 meters (including 19.07 g/t Au + 102 g/t Ag + 5.0% Zn +0.38% Cu over 2.0 meters) were intersected (see PR2013-03-04). The 14 targets were selected using multiple data sources that were inputted in a 3D model using Leapfrog application to localise the potential extensions of previously identified mineralisation. (See PR2017-10-24).

"We are anxious to begin this new phase of drilling on Perron using our well defined and detailed 3D model. The Perron property host near 10 km of the Normetal Archean Greenstone Belt who's geological setting is very similar to the Doyon-Bousquet-LaRonde mining camp. Based on the modelling to date, I believe there is an opportunity to host multiple types of discoveries from high grade gold veins to gold rich VMS polymetallic discoveries. Unlike other belts in Quebec and Ontario, the Normetal belt has seen very little exploration and this is the first time a company has drilled with so much data to guide the exploration program. It's an exciting time for Amex and I look forward to updating you on our results," said Jacques Trottier PhD, Executive Chairman of Amex.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Lebel-sur-Quévillon project in Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Amex Exploration Inc.

CODE : AMX.V
ISIN : CA30214Q1019
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Amex Expl. is a gold exploration company based in Canada.

Amex Expl. holds various exploration projects in Canada.

Its main exploration properties are MOLEON, NORMETAL and PERRON in Canada.

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Financings of Amex Exploration Inc.
11/1/2013Closes $509,200 Private Placement
5/15/2013Closes $422,000.00 for First and Second Tranche Private Plac...
5/10/2013Closes $367,000 Private Placement
10/1/2012Provides Further Details Regarding its Private Placement
9/28/2012Closes a $410,050 Private Placement
9/19/2012Closes a $400,000 Private Placement
4/7/2011Closes Additional $250,000 Private Placement
3/22/2011Closes $250,000 Private Placement
Nominations of Amex Exploration Inc.
1/15/2013Nominates Mr. Pierre Carrier as Chief Operating Officer and ...
Project news of Amex Exploration Inc.
8/30/2013(Perron)Drilling has Started on the Perron Gold Property
6/21/2013(Perron)Enters Into an Option Agreement for the Perron Property and ...
3/19/2013(Perron)High Grade Polymetallic Massive Sulfide Confirmed at Perron ...
3/7/2011(Cameron Quebec)Confirms by Drilling New Gold Structure at Cameron Property
Corporate news of Amex Exploration Inc.
6/6/2016AMEX APPOINTS MR. VICTOR CANTORE AS NEW MEMBER OF ITS BOARD ...
5/16/20162016 WINTER DRILLING PROGRAM COMPLETED AT AMEX’S PERRON PROP...
5/13/2016AMEX CLOSES $405,000 PRIVATE PLACEMENT
1/26/2016Agnico Eagle to Begin Winter Drilling at Amex's Perron Prope...
12/29/2015EXTENTION OF NEW POLYMETALLIC MINERALIZATION IN THE NORMETAL...
12/29/2015AGNICO EAGLEAND AMEX EXPLORATION ADMENDINGTHE PERRON OPTION ...
12/22/2015Agnico Eagle and Amex Exploration Admending the Perron Optio...
12/16/2015Extention of New Polymetallic Mineralization in the Normetal...
9/8/2015Drilling of the Normetal Mine Horizon Resumes at Amex's Perr...
8/31/2015Amex Starts New Drilling Phase at its Cameron Gold Project A...
1/8/2015New Drill Hole Intercept Returns 4,55 g/t Au, 20,9 g/t Ag, 0...
12/1/2014AMEX CLOSES $62,400 PRIVATE PLACEMENT
11/27/2014Amex Closes $62,400 Private Placement
11/24/2014AMEX CLOSES $419,600 PRIVATE PLACEMENT
11/21/2014Amex Closes $419,600 Private Placement
11/10/2014AMEX REVIEWS STRATEGIC ALTERNATIVES FOR ITS MEXICAIN OPERATI...
10/28/2014Amex Reviews Strategic Alternatives for its Mexicain Operati...
8/13/2014Amex Starts Follow-Up Drilling on the High Grade Gold Discov...
7/8/2014Amex Follow Up With 3D Geophysics on the High Grade Gold Zon...
6/25/2014Amex Exploration Inc.: Agnico Eagle Mines Made the Second Ca...
4/29/2014Amex Increases its Land Position at Cameron, Abitibi
4/9/2014Amex Hits by Drilling High Grade Gold Zone Returning 7,37 g/...
7/15/2013Creates a Technical Advisory Committee
7/2/2013Agnico Eagle Makes a Private Placement in Amex Exploration a...
1/17/2013(Perron)Follow-Up Drilling Starts at Perron Gold-Polymetallic Zone N...
9/20/2012-Bowmore Intersect High Grade Gold-Silver Veins at Chivas Pr...
7/7/2011Receives Confirmation From Bowmore on Continuation of Option...
5/17/2011Confirms Important Dessiminated Polymetalic Mineralized Zone...
4/13/2011Receives Confirmation from Bowmore on Continuation of Option...
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